I have decided to post my weekly spending for the previous week on Fridays so you know how my cash has been flowing for the week. Please note that I get paid on the last day of the month so my cash flow net effect will usually be negative until the last day of the month.

This does not mean that I am adding to my debt, it just means that the money coming in is less than the money going out because bills are due starting on the first but I don’t get paid until the last day.

So again to clarify (since I get so many questions), this shows the cash FLOW for the month. On Day 2 of every month I will have a negative FLOW because I have paid rent etc so money has LEFT my checking account. I have not had any money come in on Day 2 of the current month since I got paid on day 27 or 30 or 31 of the previous month so that income is counted for LAST month.

twentyIncome for the month to date: $163.48

Expenses for the month to date: $1362.75

Net effect: -$1199.27

Since the last posting I made the final payment on my personal loan and this means I no longer owe any creditors. I had planned on starting off January 2011 being completely debt free and I am officially there, although I will be making a declaration in a later post. The food bill for the week came up to $91.60 and I spent $26.43 on home and body products. I paid the cell phone and internet bills for the month for a total of $115.96.

I got refunds of $39.37 for some satin sheets that I had to send back to the store. I had ordered two sets of satin sheets and when I opened the packages one of the fitted sheets was obviously used so I returned it to the store for credit and just decided not to get new ones.

I will see you guys and gals later as I continue my journey to save money and become debt free!!!!